Trillions of carats of impact Diamonds found in Siberia

Under the 35 million old asteroid impact area there is a vast source of diamonds, enough to supply the world for the next 3,000 years Russia reveals.

Kremlin already discovered this diamond site in the 70s and they also established that the quality of the diamonds to be exceptional. As the Soviet Union was involved in the synthetic diamonds production, the site was kept a secret until now. Academician Nikolai  Pokhilenko said, 'The first results of research were sufficient to talk about a possible overturn of the entire world market of diamonds' and 'There will be an expedition in 2013 to the crater. In order to evaluate diamond mining profitability, we must carry out mineralogical, technical and economic research.'

The Popigai Crater how the crater where an asteroid fell 35 million years ago is called, measures 62 miles (100 km) in diameter and is located above the Arctic Circle northeast of the city Norilsk - the most northern city of Russia. Graphite in the ground instantly turned into diamonds where the asteroid impact happened.

Scientists predict there should be enough diamonds under the crater, enough for the entire world for the next 3,000 years. Such vast amounts of diamonds can mean a revolution of mineral use in advanced technology but at the same time it can cause confusion and over turn of the prices in the global diamond market.

Siberia is well known for its high quality industrial diamonds and huge diamond mines. On the picture above you can see the Mir mine, 1,722 ft (525 m) deep and 3,900 ft (1,200 m) across it's also the second largest man made hole in the world. The mine is no longer active since 2011.